Business
Skyward Specialty Announces Closing of Secondary Offering of its Common Stock
HOUSTON, June 12, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the “Company"), a leader in the
About this update from Skyward Specialty Insurance Group, Inc.
[{"type":"text","content":"HOUSTON, June 12, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) (\"Skyward Specialty\" or the “Company\"), a leader in the specialty property and casualty (“P&C”) market, today announced the closing of its underwritten offering of 3,850,000 of its common stock by The Westaim Corporation at the price of $23.00 per share. The underwriters exercised in full their option to purchase an additional 577,500 shares from the selling stockholders, priced at $23.00 per share, less underwriting discounts and commissions. Barclays Capital Inc. and Keefe, Bruyette & Woods, Inc., A Stifel Company, acted as joint lead book-running managers for the offering. JMP Securities, A Citizens Company, Piper Sandler & Co., Truist Securities, Inc., Raymond James & Associates, Inc. and BMO Capital Markets Corp. acted as joint book-running managers for the offering. Siebert Williams Shank & Co., LLC acted as co-manager for the offering. A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on June 7, 2023. The offering is only being made by means of a prospectus. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the prospectus relating to the offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (888) 603-5847 or email: [email protected]) or Keefe, Bruyette & Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets (telephone: (800) 966-1559 or email: [email protected]). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Skyward SpecialtySkyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting d...